Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: BingX against Extended+0.014%7-day average +0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$720.723% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.321%+$32 · spread now +0.014%, 7d avg +0.112%

Together, before fees+0.323%+ Points / potential airdropExtended: Active · farm board+$32 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.098% cheaper against Extended than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended STRK-USD	0.04245	0.0104	pay 0.0013% / 1h	41m 57s	$121K	$471K	10x
Short	BingX STRK-USDT	0.04246	0.0100	get 0.0050% / 4h	2h 41m	—	$9.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee BingXbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$0.84
Price spread: +0.014% → +0.112%: −$9.82
Slippage, 4 orders: −$57.27
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$82.93
Costs to cover: 0.723%
Break-even: never at this rate

Slippage from Extended: live order book, 6 min ago; BingX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 6 min ago	5.87 bp	21.6 bp −$22	166.0 bp −$1,660	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	2.35 bp	15.0 bp −$15	38.3 bp −$383	276.0 bp −$27.6K	743.8 bp −$371.9K

STRK on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International STRK-PERP-INTX	−0.0904%	1h	0.04243	−0.057%	$70K	$99K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0192%	1h	0.04251	+0.133%	$444K	$583K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04256	+0.255%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04252	+0.155%	$8K	$43K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+19.423%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04257	+0.273%	$254K	$442K	5x	as long as short
Paradex STRK-USD-PERP	+0.0099%	8h	0.04255	+0.226%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04251	+0.132%	$14.1M	$6.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04247	+0.043%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04258	+0.294%	$42K	$69K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance STRKUSDT	+0.0100%	4h	0.04248	+0.061%	$11.9M	$44.8M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04245	−0.010%	$14.8M	$20.1M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04249	+0.084%	$4.6M	$19.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04242	−0.080%	$561K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04248	+0.061%	$11.3M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04250	+0.108%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04245	0.000%	$3.1M	$3.9M	75x	as long as short
BingX STRK-USDTshort	+0.0100%	4h	0.04246	+0.014%	—	$9.3M	—
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04248	+0.061%	$26K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04250	+0.102%	$418K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04257	+0.274%	$186K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04351	+2.487%	$2K	$864K	20x	as long as short
Extended STRK-USDlong	+0.0104%	1h	0.04245	long leg	$121K	$471K	10x
BloFin STRK-USDT	+0.0340%	4h	0.04251	+0.132%	$695K	$755K	75x	as long as short